ABSTRACT
Reference prices at the farm level for several strategic commodities issued by the Ministry of Trade are generally higher than fair prices to obtain reasonable profits (20-30% of total farming cost). For maize, soybean, and sugar, the reference price is around 2.28%; 14.34%; and 13.40%...
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Agriculture ministers from across Canada said they heard canola producers’ concerns about tariffs but it seems unlikely they can do much about them.
The ministers met with growers in Manitoba and informally with leaders of the canola organizations ahead of their annual federal-provincial-territorial meeting earlier this month. Both of Canada’s main canola organizations are unhappy with recently announced support they say falls short in the face of the closed Chinese market. The entire sector wants Canada to negotiate an end to the tariffs.
“As we sat around the table and had a heart-to-heart discussion, they realized the challenges we’re facing,” said Manitoba agriculture minister Ron Kostyshyn.
It’s widely believed China imposed the tariffs in response to Canada’s 100-per cent tariff on electric vehicles from that country. Canada’s decision was made to fall in line with the United States.
Federal ag minister Heath MacDonald said the government responded with support to alleviate pressure in the sector. It includes an increase in the interest-free portion of cash advances to $500,000 for canola growers. However, some say more debt is not support.
Read more here.